G-III Apparel price target lowered to $29 from $30 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on G-III Apparel to $29 from $30 and keeps a Market Perform rating on the shares. Macro pressures continue to weigh on shoppers and G-III’s wholesale exposure remains a concern in the current operating environment, says the analyst in a Q4 recap noted.